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FLEXO Magazine : February 2011
Industry Indicators RockTenn to Acquire Smurfit-Stone Container NORCROSS, GA — RockTenn and Smurfit-Stone Con- tainer Corporation announced that the Boards of Directors of both companies have approved a definitive agreement under which Smurfit-Stone will become a wholly owned subsidiary of RockTenn. This strategic transaction will create a $9 billion leader in the North American paperboard packaging market. Upon closing, later this year, RockTenn will maintain its head- quarters in Norcross, GA. Smurfit-Stone is one of the industry ’s leading integrated containerboard and corrugated packaging producers and one of the world’s largest paper recyclers. Smurfit-Stone has manufacturing mill capacity of 7.0 million tons, and when combined, RockTenn will have 9.4 million tons of total produc- tion capacity, including 7.5 million tons of mill production in the attractive containerboard market. RockTenn Chairman and Chief Executive Officer James A. Rubright said, “RockTenn’s acquisition of Smurfit-Stone is an- other major step in our transformation of RockTenn to be the most respected company in our business with a laser focus on exceeding our customers’ expectations and creating long term shareholder value. The containerboard and corrugated packaging industry is a very good business and U.S . virgin containerboard is a highly strategic global asset. With this ac- quisition, RockTenn’s fiber input ratio will be 55 percent virgin and 45 percent recycled. We believe this transaction provides the greatest possible career opportunities for our co-workers from both companies.” Smurfit-Stone’s Chief Executive Officer Patrick J. Moore added, “The Smurfit-Stone management team and the board of directors are sharply focused on creating value for share- holders. This transaction immediately achieves this objective, creating a stronger combined company that is well positioned to deliver long-term value to shareholders and high-quality, innovative packaging solutions to its valued customers.” RockTenn has been an active member of the Flexographic Technical Association for more than 10 years. First Harper Road Show of 2011 Set for March 3 at Mark Andy CHARLOTTE, NC — Global anilox supplier Harper Corpo- ration has announced an expanded schedule for its Harper Roadshow -- free technical seminars held around the country that address important issues for the printing industry.In ad- dition to increasing the number of seminars to eight this year, Harper will hold half of them at some of the country ’s leading printing equipment manufacturers. The new approach offers seminar attendees the opportunity to view live press demon- strations at host sites. The series on narrow web OEMs and related technology opens Thursday, March 3, at Mark Andy, Inc., near St. Louis. Narrow web will continue to be the focus at seminars on Thursday, March 24, at Nilpeter USA in Cincinnati and again Tuesday, April 5, at Gallus Inc. in Philadelphia. Wide web printing techniques will take center stage on Tuesday, April 12, when PCMC/Aquaflex hosts the Harper Roadshow at its Green Bay, WI complex. The second half of this year’s schedule will include four ad- ditional roadshows starting in late summer and ending in Oc- tober. Those seminars, featuring Harper technical profession- als assisted by leading industry experts, will focus on anilox and other technologies, advice on printing troubleshooting, pre-press and print-room problem-solving and more. The 2011 complete schedule for these Harper roadshows in- cludes: Thursday March 3, Chesterfield, MO; Thursday March 24, Cincinnati, OH; Tuesday April 5, Philadelphia, PA; Tuesday April 12, Green Bay, WI; Thursday August 25, Greensboro, NC; Tuesday September 27 (tentative), Las Vegas, NV; Tues- day October 4, Worcester, MA; and Wednesday October 26, Dallas, TX . danaher to Acquire EskoArtwork GENT, BELGIUM — EskoArtwork announced that its shareholder, the Danish investment group Axcel entered into a definitive Sales Purchase Agreement with the US industrial company Danaher (NYSE: DHR) for the acquisition of 100 percent of the shares in EskoArtwork. Purchase price was $350 million. Closing is expected by mid year. Danaher is a diversi- fied technology leader that designs, manu- factures, and markets innovative products and services to professional, medical, industrial, and commercial customers. Upon closing, the busi- ness will become a part of Danaher ’s Product Identification platform. “ We have been ex- tremely satisfied with our investment in EskoArt- work”, said Sigurd Lil- ienfeldt, partner at Axcel and responsible for the investment in EskoArt- work. “ During Axcel’s ownership, EskoArtwork has repositioned itself into a world leading company within its field. This is not only due to the merger with Artwork Sys- tems, but also because of significant R&D invest- ments leading to a range of new leading edge solutions. This innovation capacity of EskoArtwork has been instrumental for the impressive EBITDA growth during our ownership, lead- ing to this very successful exit for Axce.l” “Esko has a leading market position, great products, and a strong team who we are counting on to drive future growth” said Matt Trerotola, vice president , Product Identification. Carsten Knudsen, CEO of EskoArtwork explained: “This is an important and very positive step in the continued develop- ment of the company. I and the entire management team are 26 FLEXO February 2011 www.flexography.org FLX_Feb11_mech.indd 26 2/16/11 8:50 AM
Sustainable Winter 2011